On March 31, 2026, the Cayman Islands Department for International Tax Cooperation (DITC) announced the FATCA and Common Reporting Standard (CRS) deadlines and the publication of CRS Participating and Reportable Jurisdictions. Reporting Deadlines CRS Reportable Jurisdictions The Cayman Islands published an updated list of CRS Reportable Jurisdictions on March 30, 2026. Cameroon has been added to the Y2025 Reportable Jurisdiction list. The complete list for Y2025 reporting is

The Cayman Islands announced through a March 25, 2026 Industry Advisory that it is extending the deadline by which Cayman Reporting Crypto-Asset Service Providers (RCASPs) must register under the Crypto-Asset Reporting Framework (CARF). New Registration Deadline The deadline was April 30, 2026 and the new deadline is January 31, 2027. The extension is necessary to allow the Cayman Islands Department for International Tax Cooperation (DITC) time to build functionality in the e

The Cayman Islands announced an extension to the new requirement that the Principal Point of Contact (PPoC) be a resident in the Cayman Islands. FI Registration Deadline For entities created in 2025, the Cayman Islands requires that reporting and non-reporting Financial Institutions (FIs) submit a “Notification” by registering in the Cayman Islands DITC Portal by April 30, 2026. Registration is required under both the U.S.-Cayman Islands FATCA IGA and the Common Reporting Sta

The Cayman Islands published updated regulations related to the Common Reporting Standard (CRS). Certain changes are effective as of January 1, 2026 while others will come into effect in subsequent years. Primary Point of Contact (PPoC) Currently, as part of the online Cayman Islands Notification process, it is necessary to appoint an Authorizing Person and Principal Point of Contact (PPoC) for each Financial Institution (FI). The PPoC can be an individual who is resident out

On June 26, 2025, the Cayman Islands Department for International Tax Cooperation (DITC) announced the FATCA and Common Reporting Standard (CRS) deadlines and the DITC portal is open for FATCA and CRS uploads. Reporting Deadlines The DITC also announced this year’s deadlines. CRS Reportable Jurisdictions The Cayman Islands published an updated list of CRS Reportable Jurisdictions in March 2025. The list for Y2024 reporting is below. For assistance, please contact me via my co

On June 27, 2024, the Cayman Islands Department for International Tax Cooperation (DITC) issued an Updates Bulletin in which it updated its CRS Reporting Reminders. Cayman Reporting Financial Institutions (FIs) must file a CRS return in the DITC portal for each Reportable Account the FI maintained during the reporting period. If the FI did not maintain any Reportable Account in a Reportable Jurisdiction, the FI must file a nil return. FIs must also submit an annual CRS Filing

On March 22, 2024, the Cayman Islands Department for International Tax Cooperation (DITC) announced the FATCA and Common Reporting Standard (CRS) portal is open for FATCA and CRS uploads. Reporting Deadlines The DITC also announced this year’s deadlines. CRS: Missing DOBs Ten percent of Cayman Islands Financial Institutions (FIs) failed to report a date of birth (DOB) for individual Account Holders and/or Controlling Persons. The DITC reminded FIs in the March 22 notice that

The Cayman Islands Department for International Tax Cooperation (DITC) recently issued a news update regarding FATCA and Common Reporting Standard (CRS). FATCA/CRS Portal Is Open The DITC Portal is open for Y2022 FATCA and CRS XML uploads. The deadlines are as follows: TINs & DoBs The DITC reminded Financial Institutions (FIs) they are required to make a reasonable effort to obtain tax identification numbers (TINs) and dates of birth (DoBs) for accounts by the end of the seco

On April 5, 2023, the Cayman Islands Department for International Tax Cooperation (DITC) announced the FATCA and Common Reporting Standard (CRS) reporting deadlines for Y2022 data: FATCA & CRS Notification / registration: May 1, 2023. FATCA & CRS reporting: July 31, 2023. CRS Compliance Form: September 15, 2023. CRS Reportable Jurisdictions On March 31, 2023, the Cayman Islands published an updated list of Common Reporting Standard (CRS) Reportable Jurisdictions . The follow

In July 2022, the Cayman Islands Tax Information Authority (TIA) issued Version 1.2 of its CRS Enforcement Guidelines which replaces the previous Versions 1.0 and 1.1. The TIA stated its compliance monitoring and enforcement function objective is to ensure FIs comply with their CRS obligations so that complete and accurate information is collected, reported and ultimately exchanged with relevant authorities of Reportable Jurisdictions. The Guidelines document covers the foll

For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com .

CRS Reportable Jurisdictions On January 31, 2022, the Cayman Islands published an updated list of Common Reporting Standard (CRS) Reportable Jurisdictions . Jamaica, Kenya and Morocco have been added as CRS Reportable Jurisdictions for Y2021 reporting. Kuwait has been removed from the list of CRS Reportable Jurisdictions. Financial Institution Deregistration The functionality of the Cayman Islands Department for International Tax Cooperation portal (DITC Portal) has increased

As part of a Financial Institution’s (FI’s) FATCA obligations, an FI must conduct due diligence that includes collecting a non-U.S. Person account holder’s tax identification number (TIN). But what if the account holder’s tax residence jurisdiction does not issue TINs? Must you declare the withholding certificate invalid? Not necessarily. The U.S. Internal Revenue Service (IRS) provides exceptions to obtaining foreign TINs for certain categories of account holders. An FI is n

In April 2021 and again on June 3, 2021, the Cayman Islands Department for International Tax Cooperation (DITC) warned financial institutions (FIs) to ensure that they have properly classified their entities under FATCA and the Common Reporting Standard (CRS). Classification Consistency Both FATCA and CRS have anti-avoidance / anti-circumvention rules. It is important for FIs to realize that each jurisdiction is cross checking information submitted by the FI across portals wi

The Department for International Tax Cooperation (DITC) announced the deadline for the first ever CRS Compliance Form is now September 15, 2021. This means that you will submit one form for your Y2019 data on September 15, 2021 and one form for your Y2020 data on the regularly scheduled deadline of September 15, 2021. Portal Adjustments The DITC extended the deadline to give itself more time to finalizeing the bulk upload feature. For those FIs who do not require the bulk upl

The Cayman Islands Department for International Tax Cooperation (DITC) issued an Updates Bulletin dated December 10, 2020 with a number of important updates. Problems with the Portal & Flexible Deadline Given the technical problems users are experiencing with the DITC portal, the DITC announced that it will not be automatically issuing penalties to Financial Institutions (FIs) who are unable to complete their Common Reporting Standard (CRS) reporting by the December 16, 2020

The Cayman Islands Department for International Tax Cooperation’s (DITC) new portal is now open. The DITC has also issued its 43-page DITC Portal – User Guide and 46-page new CRS Guidelines Version 4.0 dated November 6, 2020. CRS Guidelines Version 4.0 replaces the previous Version 3.0 issued March 15, 2018. DITC Portal : https://ditcportal.secure.ky/login DITC Portal – User Guide : https://www.ditc.ky/wp-content/uploads/DITC_Portal_User_Guide.pdf CRS Guidelines Version 4.0

The Cayman Islands Department for International Tax Cooperation (DITC) announced its new portal will open in early November 2020 and the new deadlines are as follows: New Entity Registration December 16, 2020 CRS Reporting & CRS Filing Declaration December 16, 2020 FATCA Reporting December 16, 2020 CRS Compliance Form March 31, 2021 Account Activation Email For those that had a User Account in the former AEOI Portal, keep an eye out for account activation emails from the addr

Recently the Cayman Islands launched its new website with the promise that the new portal would be launched in Q3 2020. However, the Cayman AEOI Portal Team at the Department for International Tax Cooperation (DITC) has moved out the launch time frame to Q4 2020. Currently, the FATCA/CRS reporting deadline for the Caymans is November 16, 2020. Given that the portal will open October 1, 2020 at the earliest, the reporting deadline may change. This is especially likely given th

The Caymans has launched its new fresh looking website which covers: CRS, FATCA, Economic Substance, Exchange of Information, and CBCR. Next up in Q3 will be the launch of the new portal: https://www.ditc.ky/ . For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com .